SANTO DOMINGO. – State-owned Power Companies (CDEEE) CEO Celso Marranzini on Tuesday revealed that the distributing companies’ “poor results" one year into his tenure keep him await at night.

“I had hoped that for this date we would’ve reduced the losses in around two or three percentage points and that hasn’t been so," the official said, who affirmed however that other aspects have had significant advances.

Marranzini said that despite achieving annual savings of around RD$7.4 billion by renegotiation costs with the generators and cutting the agency’s expenses, the indicators from the distributors (EDES) disturb him. “There we haven’t managed to reduce expenses as we have done in the CDEEE."

Quoting from a just concluded technical report, the official said the proportion of billing by the EDES fell from 91.9% in July 2009, to 86.4% in the same month this year.

He said that measured in dollars, the 15.9% increase which appears in the billing simply reflects the impact of a 12% increase fee in 2009. “This doesn’t imply an improvement in the management."

Marranzini added that despite the 11.2% increase in the electricity supply in that period, the distributors posted a 35% loss in the additional energy provided.